TVS Motor reports Rs 3,685 crore revenue for Q3FY18, up 23.5%

Domestic two- and three-wheeler major TVS Motor Company has reported its Q3 FY 2017-18 revenue of Rs 2,984 crore an increase of 23.5 percent compared to Rs 2,984 crore for the same period last year.

The company reported PAT of Rs 154 crore an increase of 16.3 percent compared to Rs 133 crore in the corresponding period last year. In Q3 FY18 the company sold a total of 799,000 units of two-wheeler an increase of 13.8 percent, compared to 703,000 units for the same period last year.

The company says its motorcycle segment sales grew by 26.7 percent to 314,000 units in the quarter ended December 2017 from 248,000 units in the third quarter of 2016-17. While the scooter sales increased by 21.6 percent from 221,000 units to 269,000 units YoY.

On the export front, the company shipped 140,000 units of two- and three-wheelers in the quarter as against 99,000 units in the previous year, registering a growth of 42.4 percent.

In the three-wheeler segment, TVS registered a growth of 67.7 percent selling 26,968 units in the quarter, compared to 16,081 units for the same period last year.